Social Security and Student Loan Impact Quiz

What are the two main reasons for the changes in Social Security checks discussed in the video?

• Housing market fluctuations

• Student loan debt and overpayments

• Healthcare costs and inflation

• Tax reforms and unemployment

How much can the Treasury Offset Program legally take from your Social Security check if you're in default on a federal student loan?

• 50%

• 25%

• 15%

• 10%

What is the minimum amount the government will leave you with after garnishing your Social Security check for student loan defaults?

• $500

• $750

• $1000

• $1200

What is a 'clawback' in the context of Social Security?

• A reduction in benefits due to inflation

• A repayment demand for overpaid benefits

• A new tax on Social Security income

• An increase in monthly benefits

What percentage of your Social Security check can be withheld due to overpayments?

• 10%

• 25%

• 75%

• 50%

What service is mentioned in the video that helps with Medicare plan selection?

• Plan Finder

• Health Assist

• Chapter

• Medicare Plus

What should you do if you receive a notice from the SSA that doesn't make sense?

• Wait for another notice

• Double-check your records and contact SSA

• Contact a lawyer

• Ignore it

What is the first step to take if you're in default on a student loan?

• Ignore the debt

• Reach out to your loan servicer

• File for bankruptcy

• Wait for a government notice

What can you request from the SSA if you believe an overpayment was not your fault?

• A refund

• A waiver

• A tax deduction

• A loan

Why is it important to check your Social Security records before retirement?

• To avoid paying taxes

• To increase your monthly payments

• To apply for additional benefits

• To ensure you receive the correct benefits